Westminster House Prices 2026
The City of Westminster covers prime central London — Mayfair, Belgravia, Marylebone, Pimlico, Westminster, Soho and parts of Paddington. This page tracks the borough's average sold house price using HM Land Registry / ONS UK HPI data for February 2026.
Market snapshot — February 2026
£1,050,000
Average sold price
+1.8%
Year-on-year change
1.7%
London private-rent inflation (Mar 2026)
Westminster is the UK's second most expensive local authority after Kensington and Chelsea. The borough mixes ultra-prime residential streets in Mayfair and Belgravia with smaller flats around Pimlico, Marylebone and Paddington, so the borough average masks a very wide spread between sub-markets and property types.
Source: ONS local housing statistics (Westminster) using HM Land Registry / UK HPI sold-price data for February 2026. View ONS local page.
Average sold price by property type
| Property type | Average sold price (Feb 2026) |
|---|---|
| Flats | £900,000 |
| Terraced | £2,150,000 |
| Semi-detached | £3,200,000 |
| Detached | £5,100,000 |
Source: ONS local housing statistics for Westminster, Feb 2026. HM Land Registry sold-price data is provisional and subject to revision.
Private-rent context
London private rent annual inflation was 1.7% in March 2026, the lowest of any UK region in the ONS bulletin. Westminster's rental market is dominated by one and two-bed flats let to international workers, diplomats and short-let-style longer corporate stays, with absolute rent levels well above the London-wide average.
Local context
- Mayfair and Belgravia drive the borough's top end; Pimlico, Bayswater and parts of Paddington pull the average down with smaller flats and ex-local-authority stock.
- Yields in central Westminster are typically 3.0–4.0% gross — higher than Kensington and Chelsea because flat prices are lower while rents remain strong, but still well below the London average.
- Crossrail / Elizabeth Line stations at Bond Street and Paddington have supported price stability in adjacent postcodes since opening.
- New-build supply is concentrated around regeneration sites such as Marylebone Square and Paddington Basin; outside these sites the prime resale market dominates flow.
Frequently Asked Questions
The ONS local housing statistics page reports an average sold house price of around £1,050,000 in the City of Westminster for February 2026, up roughly 1.8% year on year. The figure is based on HM Land Registry completed-sale data and is provisional pending later UK HPI revisions.
No — Westminster is consistently the UK's second most expensive local authority, behind Kensington and Chelsea. Kensington and Chelsea's February 2026 average is around £1.35m versus Westminster's £1.05m, although individual streets in Mayfair and Belgravia routinely beat any single street in Kensington and Chelsea.
Flats account for the bulk of sales in Westminster, with terraced and semi-detached houses concentrated in conservation streets in Mayfair, Belgravia, Marylebone and Pimlico. Detached houses are scarce and command very high prices when they trade.
Gross rental yields in central Westminster typically sit in the 3.0–4.0% range, depending on property type. Lower-priced flats in Pimlico and Bayswater can push closer to 4.0%, while Mayfair and Belgravia trophy assets often deliver under 3.0% gross.
House-price figures use ONS local housing statistics for February 2026 from the UK HPI process; private-rent context uses the ONS bulletin for March 2026. Both are provisional and can be revised in later releases, especially at borough level where samples are smaller.
PropertyWiki Team
Editorial Team
Published: May 9, 2026
Updated: May 9, 2026
PropertyWiki's editorial team curates UK property data using HM Land Registry, ONS and UK Finance sources.